Publishe Date: 1:41 PM - 1/26/2014 | Print

Iran Exports over $9bln of Petchem Products in 10 Months

Economy - Iran's petrochemical industries earned approximately $9.19bln from exporting petrochemical products to the international markets in the first 10 months of the current Iranian calendar year (March 21, 2013-January 20, 2014), data from Iran Customs Administration showed.

The data, released on Saturday, showed that gas condensate made up $8.52bln of Iran’s petrochemical exports.

In terms of non-oil exports, Iran exported $5.905bln of various products to China, $4.79bln to Iraq, $2.923bln to the United Arab Emirates, $2.128bln to India and $2.22bln to Afghanistan.

Iran’s non-oil exports, which weighed 75.51mln tons, were 15.33 percent higher than a year ago.

They included iron ore ($1.104bln), liquefied propane ($973mln) and urea ($906mln).

Iran earned $12bln from exporting petrochemicals in the last Iranian calendar year which ended on March 20, 2013.

Nearly 60 countries, mainly from South and Southeast Asia, imported Iran’s petrochemical products in the previous Iranian calendar year.

The Islamic Republic is determined to become the biggest petrochemical producer in the Middle-East.

The country has significantly expanded the range and volume of its petrochemical production over the past few years, and the National Petrochemical Company (NPC) has become the second largest producer and exporter of petrochemicals in the Middle-East after Saudi Arabia.

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